Market snubs Reuters' full-year growth
NEWS
But the markets did not react well to the news, and sent the data vendor's share price plummeting 51.75 pence - or more than 11% - to 399.5 pence on the London Stock Exchange at market close on Thursday.
The results showed a 25% increase in 2005 net profit, with Reuters Group profits up 28% to £482 million, in contrast to £375 million last year. Reuters' trading profit was up to £334 million from £326 million for 2004, though this includes £41 million of investment in Core Plus, the vendor's new
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